I guess I'm confused. Total net loans at YE2011 $74,849B vs FY2012 $72,076 or a decrease of $2,773 & a decline of 3.7% that includes a favorable effect of ~$800M in loan loss reserves. In addition total Stockholders Equity declined from $16,499B to $15,4999B or 6%. This is good why??
You should listen to the recent CC regarding earnings. They have been doing some securitizations of their auto loans which reduces their total loan portfolio. Their head count has been increasing slowly with anticipation of greater economic activity.